S&P Global (SPGI) CEO logs share award and tax withholding on Form 4

Rhea-AI Filing Summary

S&P Global Inc. director and CEO & President Martina Cheung reported equity compensation activity involving company common stock and restricted stock units. She acquired beneficial ownership of 12,273 shares of common stock at $0.00 per share through the achievement of a performance goal under a performance share unit award. In a separate transaction, 6,266 shares of common stock were disposed of at $418.27 per share to satisfy tax withholding obligations under the S&P Global Inc. 2019 Stock Incentive Plan in a transaction exempt under Rule 16b-3. Following these transactions, Cheung directly owned 25,196 shares of common stock. The filing also notes restricted stock unit awards, each representing a contingent right to receive one share of SPGI common stock, with 891 and 3,381 restricted stock units outstanding under grants made on March 1, 2024 and March 1, 2025, respectively, subject to multi-year vesting schedules and delivery of vested shares by January 31 following each vesting date.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider CHEUNG MARTINA

Role CEO & President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	12,273	$0.00	--
Tax Withholding	Common Stock	6,266	$418.27	$2.62M
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Common Stock — 31,462 shares (Direct); Restricted Stock Units — 891 shares (Direct)

Footnotes (1)

1. Represents acquisition of beneficial ownership due to the achievement of performance goal under performance share unit award. Withholding of shares of Common Stock under the S&P Global Inc. 2019 Stock Incentive Plan withholding obligation in transaction exempt under and complying with Rule 16b-3. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock. As previously reported, the reporting person was granted 2,619 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and 33% on 12/31/2025 and the remaining 34% will vest on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date. As previously reported, the reporting person was granted 5,046 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2025 and will vest 33% on 12/31/2026 and 34% on 12/31/2027. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHEUNG MARTINA

(Last) (First) (Middle)

55 WATER STREET

(Street)

NEW YORK NY 10041

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
S&P Global Inc. [ SPGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/24/2026		A(1)		12,273	A	$0	31,462	D
Common Stock	02/24/2026		F(2)		6,266	D	$418.27	25,196	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(3)	$0							(4)	(4)	Common Stock	891		891	D
Restricted Stock Units(3)	$0							(5)	(5)	Common Stock	3,381		3,381	D

Explanation of Responses:

1. Represents acquisition of beneficial ownership due to the achievement of performance goal under performance share unit award.

2. Withholding of shares of Common Stock under the S&P Global Inc. 2019 Stock Incentive Plan withholding obligation in transaction exempt under and complying with Rule 16b-3.

3. Each restricted stock unit represents a contingent right to receive one share of SPGI common stock.

4. As previously reported, the reporting person was granted 2,619 restricted stock units on 03/01/2024, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2024 and 33% on 12/31/2025 and the remaining 34% will vest on 12/31/2026. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.

5. As previously reported, the reporting person was granted 5,046 restricted stock units on 03/01/2025, subject to 3-year vesting. The restricted stock units vested 33% on 12/31/2025 and will vest 33% on 12/31/2026 and 34% on 12/31/2027. Vested shares will be delivered to the reporting person no later than January 31 following the respective vesting date.

Remarks:

	/s/ Judah Bareli, Attorney-in-Fact	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did S&P Global (SPGI) report for Martina Cheung?

Martina Cheung reported a grant of 12,273 S&P Global common shares and a tax-related share disposition. She acquired shares through a performance share unit award and had 6,266 shares withheld to cover tax obligations under the company’s 2019 Stock Incentive Plan.

How many S&P Global (SPGI) shares does Martina Cheung own after this Form 4?

After these transactions, Martina Cheung directly owned 25,196 shares of S&P Global common stock. This figure reflects the 12,273-share performance-based acquisition and the 6,266-share tax-withholding disposition reported in the filing.

What was the purpose of the 6,266 S&P Global (SPGI) shares disposed of?

The 6,266 S&P Global shares were withheld to satisfy tax withholding obligations. This disposition occurred under the company’s 2019 Stock Incentive Plan in a transaction structured to comply with and be exempt under Rule 16b-3.

How did Martina Cheung receive 12,273 S&P Global (SPGI) shares at $0.00?

The 12,273 S&P Global shares at $0.00 represent beneficial ownership acquired when a performance goal was achieved under a performance share unit award. No cash was paid per share for this equity compensation grant.

What restricted stock units does Martina Cheung hold in S&P Global (SPGI)?

Martina Cheung holds restricted stock units where each unit equals one S&P Global share. She has 891 units from a March 1, 2024 grant and 3,381 units from a March 1, 2025 grant, both subject to multi-year vesting schedules.

How do the S&P Global (SPGI) restricted stock units for Martina Cheung vest?

The March 1, 2024 grant of 2,619 units vests 33% in 2024, 33% in 2025, and 34% in 2026. The March 1, 2025 grant of 5,046 units vests 33% in 2025, 33% in 2026, and 34% in 2027, with shares delivered by January 31 after each vesting date.